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International Business Machines Corp (IBM): Today's Featured Computer Hardware Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

International Business Machines (
IBM) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day up 2.0%. By the end of trading, International Business Machines rose $3.78 (2.0%) to $191.61 on heavy volume. Throughout the day, 6,251,024 shares of International Business Machines exchanged hands as compared to its average daily volume of 3,987,000 shares. The stock ranged in a price between $188.61-$192.56 after having opened the day at $189.34 as compared to the previous trading day's close of $187.83. Other companies within the Computer Hardware industry that increased today were:
Quantum Corporation (
QTM), up 8.7%,
Lexmark International (
LXK), up 8.1%,
iGo (
IGOI), up 7.0% and
Stratasys (
SSYS), up 5.9%.

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International Business Machines Corporation provides information technology (IT) products and services worldwide. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. International Business Machines has a market cap of $211.8 billion and is part of the technology sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are down 1.9% year to date as of the close of trading on Monday.

TheStreet Ratings rates International Business Machines as a
buy. The company's strengths can be seen in multiple areas, such as its notable return on equity, growth in earnings per share, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.